BioAmber Inc fka BIOAQ

[whitegold3]

So, to summarize:Vinmar contract with Bioamber and other dealWORTH BILLIONS!!
1st Facility: Sarnia, Ontario, Canada
Capacity: 30 ktpa bio-SA
Start-up: 2015
Vinmar offtake: 10 ktpa

2nd Facility: somewhere in North America
Capacity: 100 ktpa bio-BDO, 70 ktpa bio-SA
Start-up: 2017
Vinmar offtake: 100 ktpa bio-BDO, 50 ktpa bio-SA. Option for additional bio-SA supply if BioAmber has not committed the remaining volume.
Vinmar to make a 10% or greater equity investment

3rd Facility: To be Announced
Capacity: 200 ktpa bio-SA
Start-up: 2020
Vinmar offtake: 150 ktpa
Vinmar to invest at least 10% of the equity conditional upon the plant’s successful financing, construction and commissioning.

Pilot bio-BDO facility: US toll manufacturing
Capacity: 4 ktpa bio-BDO
Start-up: 2015
Vinmar offtake: 4 ktpa

For the 30 ktpa bio-succinic acid Sarnia plant, the Vinmar take-or-pay contract, together with the take-or-pay agreement signed in April 2014 with PTTMCC Biochem (a joint venture between Mitsubishi Chemical and PTT of Thailand), guarantees the sale of 50% of the plant’s capacity during the first three years of operation and 33% of plant capacity for the following 12 years.

In addition, BioAmber said it has signed 19 supply and distribution agreements and seven memorandum of understanding to date, and the cumulative volume of these contracts exceeds the available capacity for sale in Sarnia. BioAmber said has been selling bio-based succinic acid for over four years and to date 38 customers have qualified the company as a succinic acid supplier and purchased product from the existing production facility in France. https://greenchemicalsblog.com/2014/07/17/bioamber-expands-vinmar-contract-expects-to-raise-33-6m-in-stock-offering/